BAYERN MÜNCHEN NAME VINCENT KOMPANY MANAGER IN SHOCK MOVE

Vincent Kompany will be charged with returning Bayern Munich to the top of the Bundesliga. Mark Leech/Offside/Offside via Getty Images

Bayern Munich have appointed Vincent Kompany as the club's new manager after negotiating his departure from Burnley, the clubs have announced.

ESPN reported on Saturday that Bayern agreed a £10 million deal ($12.7m) for Kompany, who will replace Thomas Tuchel at the Bundesliga giants despite being unable to prevent Burnley from being relegated from the Premier League this season.

The move completes a troubled recruitment process for Bayern who initially announced in February that Tuchel would depart at the end of the season.

"I'm really looking forward to the challenge at FC Bayern," Kompany said in a statement. "It's a great honour to be able to work for this club -- FC Bayern is an institution in international football."

Max Eberl, Bayern's sporting director, added: "We're delighted to have brought in Vincent Kompany to FC Bayern. We were immediately on the same page in our discussions with him. He clearly showed us how much the job at FC Bayern appeals to him and that he is keen to take it on.

"Vincent Kompany is hungry and brings everything to the table: as a player, he was already a leading figure in top international football and is also leading the way as a coach."

Bayern were linked with moves for Bayer Levekusen boss Xabi Alonso and their former manager Julian Nagelsmann before both announced they would be remaining in their jobs with Bayer Leverkusen and the Germany national team, respectively.

They were also in discussions with ex-interim Manchester United manager Ralf Rangnick, but he turned down Bayern after deciding to continue in his role as Austria head coach.

There were then reports that Bayern's sporting directors Eberl and Christoph Freund were negotiating with Tuchel to reverse their joint decision from February. However, Tuchel confirmed before the club's final game of the season that it would be his last match in charge of the club.

- ESPN